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About LinkBacksi mean would a pension after x many years of working not be part of the terms and conditions of emp,loyment of existing staff, therefore a legal right?
i mean would a pension after x many years of working not be part of the terms and conditions of emp,loyment of existing staff, therefore a legal right?
"Sometimes the best thing a government can do is simply get out of the way"-Vince Cable
To get a full pension, X is usually 40.Originally Posted by sandar
To have done 40 years, you'd usually be 60 years old or more. However if you happen to have joined the civil service at 18, I don't think you can retire at 58 on a full pension. Instead the pension is reduced a bit to account for the fact that you'll be drawing it for an extra 7 years, as compared to retiring at 65.
The exact T&Cs differ by profession. Guards can retire at 50, teachers used to be able to retire at 60, recently been increased to 65 if memory serves.
The point is that in order to get people to retire early, they need some carrot, like doing away with the actuarial reduction. But if you do that, the savings aren't great. Plus you've lost the utility of their work (large for a teacher, might be less so for a generic civil servant).
well for a tecaher I wouldnt be advocating it, beacuse its need to more generic work, so you get a gnereic civil servant to retire in order to replace him with a younger generic civil servant whose department has been abolished.
"Sometimes the best thing a government can do is simply get out of the way"-Vince Cable
realistically whats the hope in seeing these major cuts across the public sector going to happen? i dont think they will
while we talk about Leaning the system in this country, the government are gone off on a 3 month holiday. the whole thing is sadistically funny.
Paradoxically,the less politically likely budgetary cuts seem,the more likely the cuts will be savage. That's because the international bond market,the government's cash lifeline, would become concerned at any sign of government backsliding from the four year austerity programme. Interest rates would immediately move up on government bonds and consequently on private sector credit. If concerned enough,the bond market might move interest rates up by two percentage points to junk bond levels. That would cause another major downturn in the economy and make it very difficult for the government to borrow in a deflationery environment. The government would soon be forced to cut government spending down to the level of available tax take, which,given deflation,could mean a cut from total spending of around €55 billion a year to maybe as low as €28 billion,a 50% cut.
So for once,a politically clever budget is an honest budget that keeps the bond market on side.
The poor economy presents a golden opportunity to cut the bloat from government,necessity being the mother of creative cost cutting.
The biggest waste is back office bureaucrats but they have enough power to make sure the cuts occur among front line positions providing the services.
I agree pat, also how many of the back office people are in unions, and when they are threatened with a strike, do the unions not back them, the useful workers come out in soldiarity even though its the useful ordinary workers who suffer most?
"Sometimes the best thing a government can do is simply get out of the way"-Vince Cable
Canada - the only major country not to need a bank bailout.
Canada - probably the most desireable country (except maybe Norway) to live in.
Canada - the only country worth emulating.
Forget Boston vs. Berlin.
I'll take Vancouver or even Toronto any day as my model.
There are times when you are simply required to be impolite. There are times when condescension is called for!
- Aaron Sorkin writing as President Bartlet to Obama, NYT 21/09/2008
You can't build a smart economy based on dumb decisions.
- Richard Bruton 18/12/2008
canada certainly has a lot to recomend it, its got a good export base, but is also attractive to high end industry.
"Sometimes the best thing a government can do is simply get out of the way"-Vince Cable
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